However, the market recovery is still slow and European market is still volatile showing its effect on emerging markets including India, said Jose Eduardo Coastas, senior vice president (market intelligence).
Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
The airline has also inked a deal to take 12 A320s from Singapore's Tiger Airways on lease.
Air travel penetration in India remains small in global terms, with 0.04 annual trips per capita against 0.3 in China and more than two in the United States.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances